The Reserve Bank of India (RBI) has given the green signal to the Piramal group to acquire Dewan Housing Finance Ltd (DHFL). The banking regulator is learnt to have given its nod under the “fit...

The Reserve Bank of India has indicated that the true health of the Indian banking sector is much worse than what current statistics indicate. The commercial banking system’s gross non-performin...

Last week, India expanded its production-linked incentive scheme to 10 manufacturing sectors to a total of 13. The aim is to spur manufacturing, investment and employment through targeted State suppor...

Creditors to Jet Airways have approved a resolution plan which will give the country’s oldest private carrier a new lease of life, the airline said in a regulatory filing on Saturday. Eighteen ...

The clock has started ticking for the troubled EPC contractor McNally Bharat Engineering Company Ltd. The State Bank of India has issued a notice to the company invoking the SARFAESI Act, which is use...

In 2016, Airtel has entered into the Rs 3,500-crore deal with Aircel to acquire rights to use the latter’s 4G spectrum in eight telecom circles – Tamil Nadu (including Chennai), Bihar...

The government on Thursday extended the suspension of fresh insolvency proceedings under the insolvency law by three months till December 25. The six-month period of suspension, which was effective fr...

Finance minister Nirmala Sitharaman on Saturday said insolvency proceedings against corporate debtors as well as personal guarantors should be considered together for a comprehensive resolution. ...

The first meeting of the stakeholders’ consultation committee of Incab Industries will take place in Calcutta on Thursday. The meeting was called by Shashi Agarwal, who has been appointed liqui...

Urjit Patel’s virtual dismissal and Viral Acharya’s resignation from the Reserve Bank of India are old news. Its capture by the Delhi government is extreme even by Indian standards; but no...